Brooklyn, New York, United States-headquartered Tang Group Inc. is seeking a slice of the overseas Filipino remittance market with the launch of its mobile transaction and payments application called “TANGapp,” or receipt in the local language. Know more:
According to Founder and CEO Maria Rebecca Antonina Kersch, the idea of another app catering to remittances arrived with the experience of her aunt, an overseas Filipino worker , who regularly sends money to her homeland.
Kersch said data shows Filipinos abroad send over $35 billion to the Philippines every year. Their recipients in the Philippines mainly rely on cash pick-ups which are costly and inconvenient, she added. Members from the US, Europe and India offices of Tang Group joined the Philippine-based team last Monday as we met with current and prospective business partners, held community events and learned from and about the ways of life of the Filipino, Kersch said. All of this is in support of the company’s social mission, which is to help improve the lives of Filipinos both at home and abroad, she added.
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